SNT

Status (SNT)

Exchange rate Status:

0.036340zł

-74.44%
Market capitalization
498213137 PLN
Volume (24h)
76719119 PLN
Supply in circulation
3470483788 SNT
All-Time High
0.19 zł
All-Time Low
0.027707 zł
Popularity by CMC
#84
The current rate Status SNT is 0.036340 zł. In the last 24 hours, the price of Status has decreased by -74.44% and the 24-hour volume of this cryptocurrency is 76 719 119.00 zł. The cryptocurrency in the last 24 hours recorded the highest price at the 0.16 zł, while its lowest was 0.14 zł. The highest Status price in the last 7 days was 0.19 zł, and the lowest price was 0.11 zł. Exchange rate Status in the last 30 days has decreased by -57.91%.
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1h 24h 7d 14d 30d 1y
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What is Status? What benefits does it provide to users?

Status is both an open source communication platform and a mobile interface. Its main advantage is that it allows users to interact with decentralized applications running on the Ethereum blockchain. It can be said that it works like the Play Store for Android, with one exception. Well, Status is completely based on peer-to-peer (P2P) technology.

This interface allows users to send and receive encrypted P2P messages as well as interact with a large number of Ethereum-based decentralized applications. It can also be used to make payments and enter into smart contracts, and it offers a wallet for storing cryptocurrencies.

Anyone with internet access can use the Status app to trade freely, make P2P payments, and encrypt communications. Moreover, this platform uses the Whisper V5 protocol to delegate nodes and handle decentralized chat. You could say Status is a community driven app.

Why was the Status project created? What problem is he solving?

The primary goal of the Status developers has been to massively accelerate the adoption of decentralized Ethereum-based applications. This, in turn, can be achieved by targeting the rapidly growing segment of smartphone users. Using dApps should be easy and intuitive.

Older social networks take advantage of users by delivering them a huge amount of advertising. Only advertisers and platform owners benefit. Status aims to empower the user. People using this platform can exercise full control over their data and become important entities involved in managing the platform.

Who are the founders of the Status project?

The creators of Status are Jarrad Hope and Carl Bennets. Before starting this project, they worked together on other programs for 6 years. Nabil Naghdy is the operational director. Before joining Status, he managed Google Maps and Google Flights for 7 years.

The entire Status team consists of over 70 full-time members and experienced advisers. Much of them are programmers focusing on basic development and creating decentralized applications. Others are responsible for daily operations, marketing and business development.

What is a SNT token?

SNT acts as a tool token belonging to the Status platform. It was built in the ERC-20 standard on the Ethereum blockchain. Although users can use Status for free, they need SNT to purchase a premium feature that allows them to vote for platform management issues, book usernames, receive credentials badges, and the ability to create and join groups, among other things public and other additional functions.

SNT Token
NameSNT
Cryptocurrency typetoken ERC-20
Maximum supply6 804 870 174
Coins in circulation3 470 483 788 SNT

The ICO of the Status project was conducted on June 20, 2017. Moreover, it only lasted one day. Investors could receive 10,000 SNT tokens for 1 ETH. The project raised a total of $ 99 million.

The funds from the ICO have been split in the following proportions:

  1. 50% for project development
  2. 15% for security issues
  3. 15% financing for daily activities
  4. 10% marketing
  5. 10% legal and accounting costs

status token chart

Main functions Status and SNT

While Status's primary purpose is to interact with decentralized applications on the Ethereum network, it also acts as a messaging platform and 3.0 web browser.

This project offers users:

  • decentralized market of push notifications - unlike traditional networks, Status does not generate income from the sale of customer data and advertising. Instead, it creates a special market for push notifications targeting service providers. If you choose to receive such notifications, you must make an SNT deposit with the provider.
  • voting via the Status platform - as we mentioned above, Status is a community driven app. Platform management has been democratized through SNT tokens. The holders of these tool tokens are entitled to vote, propose solutions and make decisions regarding project development.
  • receiving Trust Level Badges - Status maintains an online reputation system. It allows you to pay for badges that indicate the user's trust level. This feature allows you to create a Web of Trust database, which, according to the authors of Status, may be useful in the future of the project. For example, users can create public chats where membership is based on an economic token rate or a combination of different tokens.
  • username reservation - each Status platform user is automatically identified by the public key, which allows him to communicate without a reserved name. Stakeholders can also reserve usernames. To do this, you need to deposit a certain amount of SNT. If the user wishes to leave the network, he can withdraw his tokens. In this case, someone else will be able to apply for the same name. Obviously, this is an optional feature, in some cases the Status platform may require AML and KYC transition.
  • using an economical anti-spam filter - it protects the user from receiving cold messages. The stakeholder sets the minimum amount of SNT that another user must pay to open a conversation. When he receives a reply, the deposit is returned.

What is Status Teller Network?

It is a decentralized application located on the Status platform. It allows users to detect nearby people in order to make transactions (exchange fiat currency for digital assets). To be able to access this feature, the user must pay to SNT.

What is Status dApp Directory?

Similar to the Google Play Store, Status is the gateway to the world of Ethereum-based decentralized applications. This is where developers can exchange their dApps and get exposure. Users can browse the directory to select the services they are interested in. Currently, there are over 30 decentralized applications. The most popular of them are: CryptoKitties, Decentraland, LocalEthereum and Bancor.

On which exchanges is SNT listed?

Cryptocurrency exchanges for SNT 

Fiat-crypto exchanges
TOKENEO
Binance
Bitrex
Poloniex
Bitfiniex
KuCoin
Gate.io
IDAX
Trade.io
Crypto-crypto exchanges
OKEx
Huobi

Which wallet to choose for SNT?

Due to the fact that this token was issued in the ERC-20 standard, it can be stored in most Ethereum wallets. Here are some of them!

Cryptocurrency wallets for SNT

Cold wallets
Hardware walletsLedger Nano S
Ledger Nano X
Paper walletsMyEtherWallet
Hot wallets
Desktop walletsAtomic Wallet
Browser walletsMetaMask
Mobile walletsAtomic Wallet
Jaxx

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Calculator Status

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Chart SNT-PLN

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